In the sunny paradise of South Florida, where the allure of coastal living meets the looming threat of natural disasters, homeowners find themselves in a delicate balancing act. While traditional home insurance policies offer a safety net against various perils, there’s one glaring omission: flood coverage. It’s a puzzle...
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The sea level around South Florida is steadily rising every year. Don’t be surprised if you see more floods happening in your area very soon. With a higher flood risk, your flood insurance premium will rise too, courtesy of the Risk Rating 2.0 update. However, this update for flood...
Don’t be surprised if you see your premium for flood insurance in Miami Dade County increase next year substantially. Federal Emergency Management Agency (FEMA) is all set to launch Risk Rating 2.0 by April 2022. The latest policy change seeks to take the financial burden off those with low-value...